Insider Selling: Airbnb (NASDAQ:ABNB) Insider Sells $8,761,815.20 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 60,136 shares of Airbnb stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the transaction, the insider directly owned 11,920 shares in the company, valued at approximately $1,736,744. This trade represents a 83.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Nathan Blecharczyk also recently made the following trade(s):

• On Monday, May 11th, Nathan Blecharczyk sold 627 shares of Airbnb stock. The stock was sold at an average price of $145.67, for a total transaction of $91,335.09.
• On Wednesday, April 22nd, Nathan Blecharczyk sold 24,788 shares of Airbnb stock. The stock was sold at an average price of $145.86, for a total transaction of $3,615,577.68.
• On Tuesday, April 21st, Nathan Blecharczyk sold 10,777 shares of Airbnb stock. The stock was sold at an average price of $145.25, for a total transaction of $1,565,359.25.
• On Friday, February 20th, Nathan Blecharczyk sold 4,260 shares of Airbnb stock. The stock was sold at an average price of $125.29, for a total transaction of $533,735.40.

Airbnb Trading Up 0.5%

NASDAQ ABNB opened at $133.67 on Friday. The company’s fifty day simple moving average is $133.62 and its 200-day simple moving average is $129.59. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market cap of $81.37 billion, a P/E ratio of 32.92, a PEG ratio of 1.43 and a beta of 1.20.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities research analysts predict that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: DA Davidson raised its price target on Airbnb to $162 from $150 and kept a Buy rating, citing resilient growth and first-quarter results that came in ahead of expectations. Other recent analysts also lifted targets, reinforcing a generally constructive view on the stock. DA Davidson Highlights Airbnb’s (ABNB) Resilient Growth despite Middle East Conflict
• Positive Sentiment: Investor attention is elevated, with Airbnb showing up as a trending stock in recent coverage, which can help keep the name in focus and support trading interest. Airbnb, Inc. (ABNB) Is a Trending Stock: Facts to Know Before Betting on It
• Positive Sentiment: Jim Cramer’s positive comments on Airbnb added to the bullish tone around the shares, suggesting some investors see the company as attractive despite recent volatility. Here’s Why Jim Cramer Is Happy With AirBnb (ABNB)
• Neutral Sentiment: Airbnb remains a frequent subject of market coverage tied to travel, international revenue trends, and sector reports, but these items are more informational than stock-moving on their own. Don’t Overlook Airbnb (ABNB) International Revenue Trends While Assessing the Stock
• Negative Sentiment: Insider Nathan Blecharczyk sold a large block of Airbnb shares, including a recent sale of 60,136 shares and a smaller follow-up sale. Heavy insider selling can weigh on investor confidence, even if it does not necessarily reflect a change in fundamentals. Nathan Blecharczyk insider trading disclosure
• Negative Sentiment: Airbnb’s latest earnings report missed EPS expectations, and that keeps attention on profitability and margin pressure as investors assess how much upside is left near term. Airbnb, Inc. Just Missed EPS By 14%: Here’s What Analysts Think Will Happen Next

Institutional Trading of Airbnb

Several institutional investors have recently added to or reduced their stakes in ABNB. Sumitomo Life Insurance Co. raised its stake in shares of Airbnb by 15.0% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock worth $8,022,000 after buying an additional 8,636 shares in the last quarter. National Pension Service boosted its stake in Airbnb by 1.1% during the third quarter. National Pension Service now owns 1,096,411 shares of the company’s stock valued at $133,126,000 after buying an additional 12,453 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Airbnb by 87.5% during the third quarter. Chicago Partners Investment Group LLC now owns 23,155 shares of the company’s stock valued at $2,964,000 after buying an additional 10,808 shares in the last quarter. Syntax Research Inc. acquired a new position in Airbnb during the third quarter worth about $1,865,000. Finally, Markel Group Inc. raised its position in Airbnb by 7.1% in the third quarter. Markel Group Inc. now owns 227,133 shares of the company’s stock worth $27,578,000 after acquiring an additional 15,130 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ABNB. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $170.00 price target on shares of Airbnb in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Airbnb from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Robert W. Baird set a $150.00 price target on shares of Airbnb in a research note on Friday, May 8th. Wells Fargo & Company lifted their price target on shares of Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Truist Financial upgraded shares of Airbnb from a “sell” rating to a “hold” rating and lifted their price target for the stock from $107.00 to $129.00 in a research note on Thursday, March 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.67.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.